Bunge Global SA $BG Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its position in shares of Bunge Global SA (NYSE:BG) by 10.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 185,900 shares of the basic materials company’s stock after selling 21,196 shares during the quarter. Allianz Asset Management GmbH’s holdings in Bunge Global were worth $15,104,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Glencore plc acquired a new stake in shares of Bunge Global in the third quarter valued at approximately $2,665,496,000. Norges Bank acquired a new position in shares of Bunge Global in the 2nd quarter valued at $149,380,000. Ilex Capital Partners UK LLP raised its position in Bunge Global by 383.7% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 891,673 shares of the basic materials company’s stock valued at $71,584,000 after purchasing an additional 707,336 shares during the last quarter. Voya Investment Management LLC boosted its stake in Bunge Global by 719.2% during the 3rd quarter. Voya Investment Management LLC now owns 303,928 shares of the basic materials company’s stock worth $24,694,000 after purchasing an additional 266,827 shares during the period. Finally, Moore Capital Management LP purchased a new position in Bunge Global during the 2nd quarter worth $12,463,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of BG opened at $115.95 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.83 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $100.06 and its two-hundred day moving average is $91.29. Bunge Global SA has a twelve month low of $67.81 and a twelve month high of $121.64. The firm has a market capitalization of $22.42 billion, a PE ratio of 21.39, a P/E/G ratio of 2.03 and a beta of 0.78.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.17. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The business had revenue of $23.76 billion during the quarter, compared to the consensus estimate of $23 billion. During the same period in the prior year, the business posted $2.13 EPS. The company’s revenue for the quarter was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Ratings Changes

BG has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Bunge Global from $109.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a research note on Tuesday, December 2nd. Stephens reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Bunge Global in a research report on Thursday. Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Morgan Stanley upped their price target on Bunge Global from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Insider Buying and Selling

In other Bunge Global news, VP Christos Dimopoulos sold 25,300 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $94.37, for a total value of $2,387,561.00. Following the completion of the sale, the vice president owned 104,537 shares of the company’s stock, valued at approximately $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% of the company’s stock.

Bunge Global Profile

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.